Volati redeems Akademibokhandeln’s bond, signs new bank loan agreement and reduces finance costs by SEK 15 million
Volati has entered into a new loan agreement with Nordea for a revolving credit facility and overdraft facility. Part of the amount will be used to finance the subsidiary Akademibokhandeln’s early redemption of outstanding bonds. This gives Volati an improved financing structure, extends the loan framework for continued acquisitions and reduces the Company’s finance costs by about SEK 15 million per year. The new loan agreement replaces Volati’s previous and existing loan agreements with Nordea and consists of a revolving credit facility of SEK 700 million and an overdraft facility of